CHINA TELECOM (Germany) Market Value
| ZCH Stock | EUR 0.52 0.00 0.00% |
| Symbol | CHINA |
CHINA TELECOM 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CHINA TELECOM's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CHINA TELECOM.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in CHINA TELECOM on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding CHINA TELECOM H or generate 0.0% return on investment in CHINA TELECOM over 480 days. CHINA TELECOM is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
CHINA TELECOM Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CHINA TELECOM's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CHINA TELECOM H upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.4 |
CHINA TELECOM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA TELECOM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA TELECOM's standard deviation. In reality, there are many statistical measures that can use CHINA TELECOM historical prices to predict the future CHINA TELECOM's volatility.| Risk Adjusted Performance | 0.0258 | |||
| Jensen Alpha | 0.0368 | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.30) |
CHINA TELECOM H Backtested Returns
Currently, CHINA TELECOM H is dangerous. CHINA TELECOM H secures Sharpe Ratio (or Efficiency) of 0.0305, which signifies that the company had a 0.0305% return per unit of return volatility over the last 3 months. We have found seventeen technical indicators for CHINA TELECOM H , which you can use to evaluate the volatility of the firm. Please confirm CHINA TELECOM's Risk Adjusted Performance of 0.0258, coefficient of variation of 3328.28, and Mean Deviation of 0.3453 to double-check if the risk estimate we provide is consistent with the expected return of 0.0377%. CHINA TELECOM has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0893, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CHINA TELECOM are expected to decrease at a much lower rate. During the bear market, CHINA TELECOM is likely to outperform the market. CHINA TELECOM H at this time shows a risk of 1.24%. Please confirm CHINA TELECOM H maximum drawdown and the relationship between the kurtosis and relative strength index , to decide if CHINA TELECOM H will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
CHINA TELECOM H has average predictability. Overlapping area represents the amount of predictability between CHINA TELECOM time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CHINA TELECOM H price movement. The serial correlation of 0.46 indicates that about 46.0% of current CHINA TELECOM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CHINA TELECOM H lagged returns against current returns
Autocorrelation, which is CHINA TELECOM stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CHINA TELECOM's stock expected returns. We can calculate the autocorrelation of CHINA TELECOM returns to help us make a trade decision. For example, suppose you find that CHINA TELECOM has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CHINA TELECOM regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CHINA TELECOM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA TELECOM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA TELECOM stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA TELECOM Lagged Returns
When evaluating CHINA TELECOM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA TELECOM stock have on its future price. CHINA TELECOM autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CHINA TELECOM autocorrelation shows the relationship between CHINA TELECOM stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA TELECOM H .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CHINA Stock Analysis
When running CHINA TELECOM's price analysis, check to measure CHINA TELECOM's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CHINA TELECOM is operating at the current time. Most of CHINA TELECOM's value examination focuses on studying past and present price action to predict the probability of CHINA TELECOM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHINA TELECOM's price. Additionally, you may evaluate how the addition of CHINA TELECOM to your portfolios can decrease your overall portfolio volatility.